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Cryptocurrency Market Gains $10 Billion in Past 24 Hours

Written by:
C Costigan
Published on:
Jun/02/2018

The cryptocurrency market as a whole has seen an increase of roughly $10 billion over the past 24 hours.

Bitcoin, Ripple, EOS, Stellar, and Tron were each up between 2 to 16 percent over this period of time.

EOS was the strongest performer with a 16.24 percent gain. Read More Here

MORE CRYPTOCURRENCY NEWS

South Korea Clarifies Its Stance on Bitcoin in Wake of Ruling - The South Korean government has clarified its position in response to the recent ruling by the country’s Supreme Court stating that cryptocurrency is an asset with measurable value that can be confiscated. The government says its position should be viewed separately from that of the Supreme Court.

The case involves a porn site operator and his 191 BTC. This decision represents the first time the Court has recognized cryptocurrency as property. Read More Here

Bitcoin Cash Fund Site Started to Push the Cryptocurrency - The community-driven platform is a non-profit organization that uses any funds donated to promote projects which hasten the adoption of Bitcoin Cash [BCH]. Bitcoin Cash is a cryptocurrency born from Bitcoin in a hard fork in August 2017.

The website, bitcoincashers.org, is a portal that will educate the masses about cryptocurrencies.  Read More Here

- Aaron Goldstein, Gambling911.com

 

Business/Financial News

Did Bitcoin's Creator Just Move 50 BTC? First Time Since 2009

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Cryptocurrency Company Closes Montana Data Center Operation

A digital currency company announced the closure of its Montana data center and the initiation of bankruptcy proceedings.

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

The Fed’s Unlimited Ammo Highlights Importance of Bitcoin’s Digital Scarcity

In a follow-up interview, last night on 60 Minutes Powell made comments that underscore the importance of the digital scarcity hard-coded into the Bitcoin protocol. 

Bitcoin Loophole a Scam? App Claims You Can Make $13K in 24 Hours

Bitcoin Loophole a Scam? App Claims You Can Make $13K in 24 Hours

A bitcoin investment scheme calling itself Bitcoin Loophole claims it can help people make over $13,000 within 24 hours via its algorithmic crypto trading app.  You can become a millionaire in just 61 days.  But wait!. This is a scam associated with a different kind of investment, according to Kevin Helms of Bitcoin News.

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

More Than $220M in Bitcoin Withdrawn from Crypto Exchanges Since the Halving

So much of the end of the world coming following Bitcoin's third ever halving.  As of Wednesday night Eastern Standard Time, the largest cryptocurrency was trading at just over $9300, peaking at $9411 earlier in the day.  This represented an increase of more than 4%.

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